One word encapsulates French politics after last week’s parliamentary elections: impasse.

Marine Le Pen’s far-right National Rally failed to gain a majority — but neither did the leftist alliance New Popular Front nor the centrists of President Emmanuel Macron.

With the 2024 Paris Olympics fast approaching, the result is a divided Parliament, which could lead to months of political maneuvering and painstaking negotiations to secure a coalition government in a country with no recent…